Fintech and software development company, Majic Wheels (OTCPK:MJWL), secured a majority interest in the digital assets exchange, Panaesha Capital Exchange. CEO David Chong believes the acquisition will support MJWL's ambition to establish itself as a fintech and technology leader in India. PCEX is the first Indian crypto broker to introduce the B2B franchise model to the cryptocurrency industry. India currently ranks 7th in terms of the number of people who have owned a cryptocurrency at least once, with over 100M people. Retail investment in India in terms of cryptos is expected to reach $15.6B by 2030.
